Monday, December 27, 2010

Funds for home building available

More help now as people in the state recover from the floods of 2008. More than $11 million has been awarded to build 246 homes in Iowa, including Des Moines, as part of the Single Family New Construction Program. The funds are part of $516 million approved by the U.S. Department of Housing and Urban Development and announced by Gov. Chet Culver last fall. Qualifying homeowners may be eligible for up to 25 percent of the price of a home built under the program, but they must be able to support a mortgage and live in the home for 5 years.



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